by The blast chillers market allows products to quickly reduce temperature post cooking to prevent foodborne illness. Blast chillers use fans to rapidly circulate cold air around food to lower its core temperature within a safe time and temperature drop. This enables better food preservation and safety compliance.
The global blast chillers market is estimated to be valued at US$ 2.24 Bn in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2031.
Key Takeaways
Key players: Key players operating in the Blast Chillers Market Size include Locus Robotics, ABB Limited, Honeywell International Inc. Key players are focusing on developing autonomous mobile robots for warehouse automation to keep pace with the growing demand for automated warehousing solutions.
Growing demand: Rising demand for quick service restaurants and prepared meals has propelled the demand for commercial refrigeration equipment like blast chillers. The food service industry is increasingly adopting blast chillers for improved food safety and longer shelf life.
Global expansion: Leading blast chiller manufacturers are expanding their global footprint through new production plants and acquisitions. This allows them to better serve the rapidly growing demand across international markets like Asia Pacific and Latin America.
Market key trends
The automated pick-and-place technology equipped in collaborative robots is driving increased adoption in warehouses and distribution centers. This technology allows robots to identify, pick up and accurately place items without human guidance for applications like order fulfillment. It streamlines e-commerce order picking operations and allows 24/7 warehouse operations with improved productivity and efficiency.
Porter’s Analysis
Threat of new entrants: Low startup costs and technological barriers keep threat low. Bargaining power of buyers: Buyers have high bargaining power due to existence of many vendors providing substitutes. Bargaining power of suppliers: Suppliers have low bargaining power as raw materials are easily available. Threat of new substitutes: Threat of substitutes is moderate as many alternative technologies exist for chilling. Competitive rivalry: High as players compete on quality, pricing and innovation.
Geographical regions: North America currently holds around 35% share of the global market value owing to large processed food industry and stringent food safety regulations. Europe follows North America closely with a share of over 30% due to growing processed food consumption and well-established food retail chains.
The Asia Pacific region is expected to see the fastest market growth during the forecast period on account of expanding middle class population, rising standards of living and developing processed food industries in various countries like China and India. Countries like Brazil and Mexico are also contributing hugely to the overall Latin American market growth.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
